SE Asia Stocks-Vietnam leads plunge as region battered by oil rout
Southeast Asia markets closed lower led
by Vietnam stocks on Tuesday, rattled by a historic crash in
U.S. oil prices that laid bare the disruption caused by the
coronavirus pandemic.
The plunge, which pressured global markets, was a result of
a storage squeeze which turned holders of U.S. crude contracts
expiring later on Tuesday to forced sellers. This
by Vietnam stocks on Tuesday, rattled by a historic crash in
U.S. oil prices that laid bare the disruption caused by the
coronavirus pandemic.
The plunge, which pressured global markets, was a result of
a storage squeeze which turned holders of U.S. crude contracts
expiring later on Tuesday to forced sellers. This
Posted by Reuters